Insolvency and Restructuring

Michael Goldman -
CPA, MBA

Michael
Goldman is an entrepreneur and a teacher. He has been a corporate
manager and has an insider's perspective of how companies should
operate. He brings all of these perspectives to each of his cases.

Turnaround Management

Turnaround
Management is a process dedicated to corporate renewal. It
involves management review and root failure causes analysis followed by
development and implementation of a corrective action plan.

Michael Goldman's Approach to Insolvency:

Running out of cash is NEVER the
company's real problem. It is a symptom caused by other underlying problems in the business.
Until Management understands and accepts this, the company that is running out
of cash will remain insolvent or headed towards insolvency. Putting in
more money without addressing the root causes of the insolvency is just putting
more money into a deepening hole.

When a business is in trouble, time is of the essence. Typically
resources are leaking out in all different directions. This is not the
time for on-the-job-training, you need someone who has done this before, knows
what to expect, knows how the various parties are looking at this case, and
knows what works.

What clients appreciate most about Michael Goldman is that he is
strategic and fast thinking with a strong ability to quickly grasp the
situation and envision multiple possibilities. He has a high tolerance
for ambiguity, listens well, and incorporates both creativity and insight
into his problem solving and negotiating skills.

Distressed
situations are seldom resolved in a linear process. Being intelligent,
analytical, and detail oriented is necessary, but not enough. Michael
Goldman also understands people as well as the numbers and is able to remain
composed and confident under stress. This ability makes Michael both
persuasive and trustworthy in presenting and implementing solutions.

When you need someone to negotiate payments, terminate
employees, pull meaningful information out of an accounting
nightmare, manage a liquidation, or
testify as to common practices in real live businesses, don't you
want someone who's been there and lived through it on a constant, day-to-day
basis?

If
you are dealing with a bankruptcy or insolvency situation, you or your
client has already lost money. You do not need to aggravate the
situation by paying firms with beautiful atriums, training programs for
staff that constantly turns over, social media advertising campaigns, and
other overhead that is not contributing to resolving your issues.
Michael Goldman gets in fast, diagnoses the problem and implements
solutions, ant gets out all at a cost your situation can justify. When
you want some one who has been there before and knows what it takes to get
through tough times, call Michael Goldman. Services he provides
include:

Michael Goldman's experience, training, and expertise allow him to
quickly determine how to monitor the situation, quickly respond to whatever
problems are found, and deal with the problems as opposed to symptoms.
Having been there many times before makes it easier to stay calm, tough, and
realistic.

While there are constant themes throughout most turnaround situations,
Michael Goldman also recognizes that every situation is unique, and
that there is no "one size fits all" approach. When he makes a
recommendation in a difficult area such as terminating employees or telling
your vendors that there is no cash for them, he's been there before.
Anybody can prepare a spreadsheet telling you to fire 10% of the staff and
get extended payment terms. The person that can tell you how to do it,
what to expect when you do it, how to react to that reaction, and even do it
for you if necessary, is a lot harder to find.
Michael Goldman is that person.

Experienced:

A Leader in the Field:

Michael Goldman has been published in West's
Strategic Alternatives for Distressed Businesses,
The Value Examiner, and books by Aspen
Publishing, The American Bankruptcy Institute, and the Association of Certified
Fraud Examiners. He has been a frequent speaker on panels and webinars
focusing on insolvency topics.

Michael Goldman has been a member of the Editorial Board of
The Value Examiner ®
since June, 2008. In January 2012 he was appointed Chairman of the
Editorial Board.

Client List:

Click Engagements to see a more complete
list of clients that Michael Goldman has worked with.